Accountants Enterprise in Australia only
Use the steps below if you are migrating from AE Accounts and creating a partnership (individual/sole trader).
In standard migration, the system accounts for AE Accounts are:
Current year earnings
1.585 will not exist in the drop down, however they will exist in the chart. Currently the prefixes are not being displayed in the migration dropdown.
Make the following changes under Manage Accounts.
Set up income allocation using the TASKS bar item in Client Accounting (first partner/individual)
Partner Name/Individual Name
Retained earnings acc no.
Retained earnings acc name
Current year earnings account acc no.
Current year earnings account acc name
Share of profit
Continue to add owners for all partners.
Use the income allocation to allocate the percentages required for each partner. During the migration process, the system will automatically create account type groups based on the partner names, and allocate the account type groups to the existing accounts.